Crowdfunding service launched by iCrowdFund.
A new crowdfunding service called iCrowdFund has been launched by the company who previously launched iDonate. iDonate is a free fundraising service supporting over 600 non-profit organisations and over 7000 fundraisers all over Ireland.
There are a number of different crowdfunding services offering a donation service, a reward based service and an equity crowdfunding option.
The secret of reward based crowdfunding is that people who contribute to projects are offered some type of reward in return for their pledge. There are several different models in operation but generally when the full target amount has been pledged, that all of the credit cards are processed.
Crowdfunding platforms come in the form of All or Nothing and Keep it All models.
All or nothing crowdfunding as the name suggests only processes pledged contributions if the total fundraising target is reached.
Keep it All allows for the project owner to receive whatever contributions are pledged up to the end of the campaign.
Crowdfunding has now become a major form of financing projects both in the business and non-profit sector.
Crowdfunding has become a very popular way of financing a project, with many crowdfunding platforms available in Europe, including Symbid in The Netherlands, FundedByMe in Sweden, MyMicroinvest in Belgium. There are thousands of platforms worldwide.
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